Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Hi Tig
Thanks for your gracious reply, and sharing more about yourself and your dear friend. On these BBs it can be so hard to get a genuine impression of what the person at the other end of the keyboard is really like.
It's great to hear that you don't take things too seriously and that you are known for your good sense of humour :)
My friends and family would hopefully say something similar about me. I've always enjoyed a good joke, even when at my own expense. In fact, my username here on the BB was given (pre LSE days) to me by a good friend as a joke as I can't stand carrots!
I'm sorry for your loss of your dear friend Peter. I don't think I know him from TV, but sounds like he had a few colourful stories to share!
Yes, patience will see us through..
.mitz still firmly under paddy bum.
ATB
Capn Carrot
Hi Tig
Thank you for your thoughtful and considerate reply yesterday about reasons for investing in GGP. I read your reply yesterday (Monday) morning, and wanted to respond but by the time I revisited the BB late yesterday evening the discussion thread had disappeared (along with some others!), although I did have some of our discussion saved in anticipation of replying. As you had kindly taken the trouble to reply to me I didn’t want to be discourteous and not reply.
Firstly, I sincerely apologise for any offence that my reply may have caused as this was never my intention.
I commented:
“But as a Christian I believe in trying to be honest, so I am willing to put my head above the metaphorical parapet and admit that I decided to invest after reading an article on Motley Fool.”
To which you replied:
“We can be sure Captain that you are an honest and forthright man,- but I trust that you are making the inference that others on this board - non christians , atheists , agnostics, Hindus, Sikhs, Mongols, Muslims , 7th day adventists, Mormons , ....... ??? .... are not equally as honest.”
My reply did not state that I believed that Christians are less honest than others, but then neither I say that I believed Christians are more honest than others either. I can understand why you reached your conclusion, and with hindsight maybe I should have written things more clearly. But with the greatest respect, I had absolutely no intention of making the inference you have suggested I did.
I have friends of various Christian denominations, other faiths, agnostics and atheists, I have attended weddings of other faiths, and in a previous work role I worked on interfaith issues. So from my own contacts and experiences I know without any doubt that non-Christians can have just as much honesty and integrity as Christians. I simply would not directly suggest or even indirectly imply that people of other faiths or none are somehow inherently less honest than Christians.
Instead, my comment was simply intended to reflect my own personal situation and motivations, and being honest about my reason for investing in GGP. I had read numerous previous posts commenting negatively about the Motley Fool, so I’m sure you understand why I was concerned this could lead to negative comments. My comment above about honesty was only one part of the paragraph where I attempted to explain this, and I can only apologise again if this was misleading or gave you the wrong impression.
Thank you for kindly sharing your very unpleasant experiences that you have had to endure over the last 5 years, and I am sorry that you have had to put up with this. I have no doubt that you are a very open and honest man who is very highly thought of. I am genuinely very grateful for the knowledge, insights and experiences that you and the usual core of well-respected and experienced posters willingly and selflessly share with the rest of us via this BB.
With very best wishe
Hi Speedy, BTB and Bully
Many thanks for your helpful and informative replies, and the lively discussions that have followed! Much appreciated.
ATB
Capn Carrot
Hi all
Thanks for the opinions and comments.
A couple of questions to Speedy please...
You say banks would not hesitate to convert our cash to worthless banking shares in a crisis. On the face of it this sounds very unethical and highly illegal.....do the UK banks have any legal powers to allow them to do this?
Also, how can this happen with the (£85k limit per institution) savings protection under the Financial Compensation Scheme (FCS)? Wouldn't this stop banks from converting cash to shares in the event of a bank going under?
I know that, as always, any views you may have are simply that and do not constitute formal advice....DYOR and all that :)
Many thanks.
ATB
Capn Carrot
The film Zulu is excellent!
In his younger years, my dear late dad was a dead ringer for Michael Caine. People would stop him (and my mum) in the street to ask for an autograph.
When my dad tried to explain that he wasn't actually the great Michael Caine some people actually refused to believe him. On occasions dad would give up trying to convince them of the truth and sign an "autograph" for them anyway just to get rid of them!!
Take care all
Capn Carrot
Hi Nick
Thanks for the suggestion, will try to take a look at PALM.
All the best
Capn Carrot
Hi all
I'm a recent newcomer to POW, but from what I have read I do feel that I am in good company by having GGP shares also.
The largest holding in my SIPP is GGP, although I didn't buy in the early days when the shares were so cheap. However, like others, I am confident that GGP has a very bright future and that I will still see a good return on my investment.
Recently I have made two small investments, in POW and GUN (Gunsynd). The amount invested (at the moment!) is quite modest, but I see these as longer term, arguably more speculative, investments. Naturally I'm hoping that I have got in early and that they could eventually see some big gains.
The thing I particularly like about both POW and GUN is that they each are invested in a range of projects, which reduces risk and increases the chance of at least one stellar investment. They are a bit like mini portfolios in their own right.
All the best everyone
Capn Carrot
Hi Mushroom
My GGP holding is in my SIPP with HL. After reading someone's suggestion on this BB the other day about doing this (my thanks to whoever it was), I decided to do the same thing today.
I set sell limits on all my main shareholdings (GGP is the largest, obviously!) for several multiples of current SP. It was straightforward to do.
As you say, it's a good way to starve the shorters of shares to loan, so in my own view the more of us who feel they want to take action in this way the better!
Hope you get it sorted ok with Halifax.
ATB
Capn Carrot
Hi Mushroom
My GGP holding is in my SIPP with HL. After reading someone's suggestion on this BB the other day about doing this (my thanks to whoever it was), I decided to do the same thing today.
I set sell limits on all my main shareholdings (GGP is the largest, obviously!) for several multiples of current SP. It was straightforward to do.
As you say, it's a good way to starve the shorters of shares to loan, so in my own view the more of us who feel they want to take action in this way the better!
Hope you get it sorted ok with Halifax.
ATB
Capn Carrot
ND
Sorry, my mistake!! Many thanks for the clarification :)
Capn Carrot
Hi guys
I've been a "lurker" for a while now so this is my first post. I avidly follow this BB, and want to express my heartfelt thanks to all those posting such helpful, interesting, and useful information. On several occasions I have stopped myself selling up when things aren't going so well thanks to all those encouraging us to be LTHs and to sit on the proverbial hands!
Compared to many I have a very modest GGP holding, but it is my largest single SIPP investment. Fortunately I got in early enough to still be in a modest profit even after today's SP plunge, and I am grateful for that.
I also have a modest holding in one of the best performing funds in recent years, the Scottish Investment Trust. There's an interesting article on Morningstar (https://www.morningstar.co.uk/uk/news/208849/scottish-mortgage-trust-turns-to-china-and-transport.aspx) which mentions the fund's holding in a notoriously volatile stock, Tesla. The fund managers explain that they have held firm to their investment in Tesla on no less than THIRTY occasions when the SP has dropped by at least 30%!
So please be encouraged (as I have often been by this BB), keep the faith, and don't be rattled by this temporary drop in the SP.
Good luck and God bless
Capn Carrot